mortagesandforeclosures

by Bella Holly

Most people have heard of a defense attorney, but not everyone can picture the need for one in a foreclosure case. Whereas the typical defense attorney defends both criminals and victims, there are also lawyers who defend those in threat of losing their home. Fortunately, there are many lawyers who specialize in Los Angeles foreclosure defense!

The number of foreclosures has rose a great deal the past few years, and unfortunately many people are finding it much harder to pay their mortgage, especially in Los Angeles. In some cases, it can even leave tenants homeless-even if they've been paying rent on time.

In cases such as this, it is usually the landlord who cannot afford to make the payments on time or becomes irresponsible with finances. If this happens, the bank will simply foreclose the property. It is not the bank's concern whether or not the tenants have been paying the rent. Sometimes banks will accept an offer of rental if they are otherwise unable to re-sell the property.

In most foreclosure cases, though, it is simply because the homeowner cannot (or will not) make mortgage payments on time. If a court case results, you can present your finances to the court and you might stand a fighting chance to keep your home if you have a good defense for your actions. This is where a Los Angeles attorney can be a huge help.

A Los Angeles foreclosure case will have a defense attorney working for both sides: one for the bank and one for the homeowner. When they represent the bank, they must prove that the lender has a valid and irrefutable claim to the property when the mortgage has not been paid. On the other side of the table, an attorney will be trying to prove that the homeowner had no choice but to forfeit a mortgage payment due to a situation out of their control. Sometimes an agreement can be met in which the bank will set up a payment plan that the homeowner can afford and the homeowner can stay in the house as long as payments are made on time.

In a brief summary, the job of a Los Angeles foreclosure defense attorney isn't a fun one. Having to man both sides of the argument is a hard thing to do. Whether the banks are right or the tenants are right isn't for him/her to decide though. All an attorney can do is make his argument and hope for the best.

About the Author:

Foreclosure can easily become very complicated, which is why it is best to fight with a Los Angeles foreclosure defense attorney on your side.

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